Start Reducing False Declines in 4 Steps

The bad news for e-commerce merchants, consumers, and financial service providers is that losses from e-commerce fraud are projected to hit $6.4 billion in 2021. But wait, it gets worse. Losses from false declines will likely reach $443 billion—almost 70 times more. Does this mean merchants’ and financial institutions’ fraud prevention measures are more harmful than the original problem?